Billionaire Profile

Global Rank

#1763

Image: Norbert Nagel | CC BY-SA 3.0 | via Wikimedia Commons

David Fong

CEO, Real estate

HONG KONG

Real-Time Net Worth

$2.326B

Estimated based on Real estate stock value as of March 6, 2026

0% (24h)

Age

Source

Real estate

Industry

Diversified

Citizenship

HONG KONG

Biography

David Fong is a prominent Hong Kong businessman, currently ranked as a billionaire with a net worth of $2.4 Billion as of April 19, 2024. His wealth primarily stems from his significant holdings in real estate, where he serves as the Managing Director and Co-Chairman of Hip Shing Hong Group, a major private real estate investment company in Hong Kong. Fong has built a successful career in the real estate industry, with over 25 years of experience in the Hong Kong and overseas markets. He is also known for his philanthropic work, chairing the Fong Shu Fook Tong Foundation and the Fong's Family Foundation.

Fact Checked

Verified by Editorial Team

Live Data

Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

David Fong was born in Hong Kong. He earned an Economics degree from Simon Fraser University in Canada and later completed a Master of Business Administration at the University of Hong Kong.

Rise to Success

Fong started his career by involving himself in the family's real estate business in the United States for a decade. He returned to Hong Kong in 1993, joining Hip Shing Hong. He was appointed as the Managing Director in 2009, taking the company to further heights.

Key Business Strategies

Under David Fong's leadership, Hip Shing Hong has expanded its portfolio to include serviced apartments and hotels, and has invested in new technologies to improve its properties. Fong has more than 25 years of experience in the real estate industry.

Philanthropy

David Fong is known for his philanthropic work and chairs the Fong Shu Fook Tong Foundation and the Fong's Family Foundation. He has been involved in community work for over 20 years and is a member of the 14th CPPCC National Committee. He also supports education and has long supported the Hong Kong Baptist University (HKBU).

Career Milestones

1993

Joined Hip Shing Hong

Returned to Hong Kong and joined the family business, overseeing real estate business in California, USA.

2009

Managing Director of Hip Shing Hong

Assumed role as Managing Director to steer the strategic direction of the company.

Philanthropy & Social Impact

Education

Fong Shu Fook Tong Foundation

Undisclosed

Chairs the Fong Shu Fook Tong Foundation.

Education

Fong's Family Foundation

Undisclosed

Chairs the Fong's Family Foundation.

Compare David Fong

Net Worth Face-off

David Fong vs Elon Musk

Compare Wealth →

Net Worth Face-off

David Fong vs Jeff Bezos

Compare Wealth →

Net Worth Face-off

David Fong vs Mark Zuckerberg

Compare Wealth →